TORONTO, Jan. 30, 2012 /CNW/ - Pacific Coal Resources Ltd. (TSXV: PAK)
announced today an illegal work stoppage at their La Caypa Mine located
in the municipality of Barrancas, Department of La Guajira, Colombia.
The personnel involved in this action are not employees of Pacific Coal,
nor its subsidiary Carbones Colombianos del Cerrejon ("CCC"). The
disruption began on Sunday, January 22 at 0600 hours when unauthorized
personnel blocked all access to the mine using heavy mining equipment.
The striking workers belong to Gente Caribe and Gente Estrategica, a
personnel provider to mining contractor Obras Proyectos Minera SA
("OPM"), who is contracted by the Company to provide coal extraction
and overburden removal services at La Caypa.
Allegations by personnel involved are in respect a dispute involving
their Union, OPM and the personnel providers which, at present, are
under review by the labour courts at Riohacha, Guajira. CCC and
Pacific Coal are not a part of these proceedings.
The Company views the actions of retaining private property (mining
equipment and infrastructure), occupation of private premises, and
blocking the mine as illegal. On Monday, January 23, the Company
requested the local authority, the Mayor of the Barrancas Municipality,
to uphold the Company's rights over its equipment and premises and
order the striking personnel to vacate the premises and return all
Luis Carvajales, Chief Executive Officer of Pacific Coal said, "Pacific
Coal places a high value on providing a safe and positive working
environment. While this dispute does not involve our Company or
subsidiaries, we are taking all of the steps necessary to ensure this
situation is resolved as soon as possible so that normal operations can
resume expediently. We are currently liaising with local and regional
authorities with the aim of ensuring the safety of our employees, that
the law is enforced with respect to our contracted operations, and that
our property rights are protected and upheld."
The estimated loss of production to date due to this disruption is
approximately 75,000 tonnes of coal. However, the current production
increases at the Company's Cerro Largo mine has been instrumental in
helping the Company alleviate this issue. The Company has two ships
scheduled to uplift a total of 130,000 tonnes of coal by February 5,
2012. These 130,000 tonnes are comprised of coal from the port
stockpile and production from its Cerro Largo mine.
About Pacific Coal Resources Ltd.
Pacific Coal Resources Ltd. is a Canadian-based mining company focused
on coal, coking coal, asphalt and asphaltite exploration, development
and production from prospective producing, development-stage and
exploration-stage properties in Colombia. The Company has acquired or
entered into agreements to acquire various interests in several
operating coal mines and projects, representing a substantive coal and
asphaltite exploration and production area throughout Colombia. Pacific
Coal is committed to implementing its exploration and development
strategy with a comprehensive environment, safety and community
program, meeting international standards of best practice.
Forward Looking Information:
This news release contains "forward-looking information", which may
include, but is not limited to, statements with respect to the future
financial or operating performance of the Company and its projects.
Often, but not always, forward-looking statements can be identified by
the use of words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", or
believes" or variations (including negative variations) of such words
and phrases, or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Pacific Coal to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Forward-looking statements
contained herein are made as of the date of this press release and
Pacific Coal disclaim, other than as required by law, any obligation to
update any forward-looking statements whether as a result of new
information, results, future events, circumstances, or if management's
estimates or opinions should change, or otherwise. There can be no
assurance that forward-looking statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, the reader is cautioned
not to place undue reliance on forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE Pacific Coal Resources Ltd.
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